Peter Montiel is currently the Farleigh S. Dickinson Jr. ’41 Professor of Economics at Williams College. He received his Ph.D. from MIT in 1978. He has previously worked at the International Monetary Fund and World Bank.
Monetary policy in India and other developing countries
03 Sep 2012
Setting interest rates and controlling inflation is an altogether different challenge in countries like India. This column argues that in many developing countries, the financial system is still too underdeveloped for monetary policy to have a reliable effect on the economy, raising doubts over several of today’s policies.
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